In a bull market, there are three ways to die.
In each round, the number of people who lose money in a bull market is much higher than that in a bear market.
Affected by market sentiment, most people are restless and feel that if they don't go all in, it will be too late. They always feel that they can't be slower than others, otherwise they won't make money. So there will be a lot of random operations...
1. Frequent position changes
Position changes are one of the reasons for losing money in a bull market. When you see a coin rising, you change your position. As a result, it just fell by 30% after the change. One day later, your original coin rose by 300%, and then you changed it again... and it fell by another 200%.....
As a result, the bull market is over, not only the coin is gone, but also the principal is lost. There is a saying that the coin does not rise because you did not sell it, and the coin does not fall because you did not buy it.
In a bull market, the time for each coin to rise and fall is different. Just hold the coin that you have to wait for it to rise. Want to know the increase of all coins? It's just a dream.
2. Love to do short-term trading
Most people have the mentality of selling at a high price and buying back at a low price.
The question is: what if it doesn't fall back?
For the sake of 30% profit, is it worth missing out on 3 times, 5 times or even more profits?
It's hard to understand why some people think they can buy at a low price and sell at a high price?
What is the truth? Most people who think of buying low and selling high, after finally selling, see the currency rise, and buy it back at a high price... If they knew this, why did they do it in the first place?
3. Open contract leverage randomly
Even if you don't like a project anymore, I don't recommend you to short it. Why? Because the power behind the currency circle is changing all the time.
A project with garbage fundamentals may survive to this day due to the support of some force, and may even pull up the market by dozens of times.
Similarly, a project with good data may plummet by 99%. Look at how many heaven and earth needles the exchange has inserted in recent days?
Don't touch it!
If you like contracts, like to study the market, and study technology, click on the avatar. I have many years of experience and skills in the currency circle, and I will share them for free. I am waiting for you in the circle, online at any time, welcome to discuss and make progress together
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